Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Independence Ct Clarksville, IN 47129

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $395,000

    Developed commercial subdivision lot with highway frontage.

    Lot size:
    1.51 Acres

    Property Features for Independence Ct

    General Information

    Lot size
    1.51 Acres

    We can help!

    Listing Contact
    Jim Baker
    Jim Baker
    Source: Moodyscre

    Listing Agent: Jim Baker

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Commercial Land on Highway 31

    Independence Court is a developed commercial subdivision consisting of three lots. The property has exposure to I-65 and frontage on Highway 31. It is located between I-65 exits 4 and 5. Lot 3, priced at $395,000, comprises 1.506 acres and is situated on the northwest corner of Highway 31 and Independence Court.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Clarksville
    County
    Clark
    State
    Indiana
    Longitude
    -85.751453
    Latitude
    38.325565

    Nearby Similar for Sale

    • $187,500
      1,055 SF

      Renovated Home Near Origin Park

      Updated home near riverfront park, move-in ready with versatile spaces.
      101 E Carter Ave, Clarksville, IN 47129
      View Details
    • $650,000
      5,625 SF

      Clarksville Commercial Property with Parking

      B-1 Zoned commercial property with ample parking and accessibility.
      412 Hale Rd, Clarksville, IN 47129
      View Details
    • $1,875,000
      3,910 SF

      Freestanding Building on Corner Lot

      Two-story building on 1.35 acre lot near I-65.
      950 E Lewis And Clark Pkwy, Clarksville, IN 47129
      View Details
    • $293,500

      Clarksville Residence with Business Potential

      Versatile residence zoned RPO, ideal for living and working.
      118 W Lewis Clark Pkwy, Clarksville, IN
      View Details
    • $800,000
      21,000 SF

      Multi-Tenant Building with Gymnasium

      Two-story office complex with a gymnasium, formerly a school.
      230 E Montgomery Ave, Clarksville, IN 47129
      View Details
    • $1,752,000
      6,786 SF

      Green Tree Mall Outparcel Property

      Retail property with in-place NOI of $122,608 for sale.
      709 E Lewis And Clark Pkwy, Clarksville, IN 47129
      View Details
    • Contact for pricing
      0.32 Acres

      Clarksville Commercial Lot Auction

      0.32-acre lot, B-1 zoning, high traffic area
      Mctavish Dr, Clarksville, IN 47129
      View Details
    • Contact for pricing
      3.00 Acres

      Clarksville Industrial Auction Site

      3-Acre Commercial Property, I-2 Zoning
      2401 Addmore Ln, Clarksville, IN 47129
      View Details
    • $500,000
      0.38 Acres

      Clarksville Commercial Building - Huge Potential

      Versatile multi-use building, great location!
      501 Clark Blvd, Clarksville, IN 47129
      View Details
    • $2,232,150
      4.46 Acres

      Clarksville Medical Investment Opportunity

      High-visibility medical plaza, prime location.
      Medical Plaza Way, Clarksville, IN 47129
      View Details
    • Contact for pricing
      0.60 Acres

      Clarksville Retail Space - Huge Potential

      Versatile commercial space, ample square footage.
      1407 Emery Xing, Clarksville, IN 47129
      View Details
    • $995,000
      4.73 Acres

      High-Visibility Clarksville Retail Property

      Two Buildings, 4.73 Acres, I-65 Access
      1001 Highway 31, Clarksville, IN 47129
      View Details

    FAQs

    What type of property is this?
    Commercial land - Developed commercial subdivision lot with highway frontage.
    Where is this commercial land located?
    The property is located at Independence Ct Clarksville, IN.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: - Exposure to I-65, providing high visibility for businesses.; - Frontage on Hwy 31, offering accessibility and street presence.; - Located between I-65 exits 4 and 5, ensuring convenient access for travelers.
    (502) 523-6444
    Request Owner's contact information
    Independence Ct Clarksville, IN 47129
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Independence Ct
    Clarksville, IN 47129
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Independence Ct Clarksville, IN 47129
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jim Baker
    Jim Baker
    (502) 523-6444
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.